Elite Gross Profit Margin from 2010 to 2024
| EEIQ Stock | USD 1.02 0.02 2.00% |
Gross Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.85 | Current Value 0.78 | Quarterly Volatility 0.05255445 |
Check Elite Education financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elite Education's main balance sheet or income statement drivers, such as Interest Expense of 13.3 K, Income Tax Expense of 242.5 K or Tax Provision of 215 K, as well as many indicators such as Price To Sales Ratio of 1.88, Dividend Yield of 0.0 or PTB Ratio of 1.17. Elite financial statements analysis is a perfect complement when working with Elite Education Valuation or Volatility modules.
Elite | Gross Profit Margin |
Latest Elite Education's Gross Profit Margin Growth Pattern
Below is the plot of the Gross Profit Margin of Elite Education Group over the last few years. It is Elite Education's Gross Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Elite Education's overall financial position and show how it may be relating to other accounts over time.
| Gross Profit Margin | 10 Years Trend |
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Gross Profit Margin |
| Timeline |
Elite Gross Profit Margin Regression Statistics
| Arithmetic Mean | 0.71 | |
| Geometric Mean | 0.71 | |
| Coefficient Of Variation | 7.39 | |
| Mean Deviation | 0.04 | |
| Median | 0.68 | |
| Standard Deviation | 0.05 | |
| Sample Variance | 0 | |
| Range | 0.2121 | |
| R-Value | 0.60 | |
| Mean Square Error | 0 | |
| R-Squared | 0.37 | |
| Significance | 0.02 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.04 |
Elite Gross Profit Margin History
About Elite Education Financial Statements
Elite Education shareholders use historical fundamental indicators, such as Gross Profit Margin, to determine how well the company is positioned to perform in the future. Although Elite Education investors may analyze each financial statement separately, they are all interrelated. The changes in Elite Education's assets and liabilities, for example, are also reflected in the revenues and expenses on on Elite Education's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Gross Profit Margin | 0.85 | 0.78 |
Pair Trading with Elite Education
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elite Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elite Education will appreciate offsetting losses from the drop in the long position's value.Moving against Elite Stock
| 0.52 | WAFU | Wah Fu Education | PairCorr |
| 0.48 | GV | Visionary Education | PairCorr |
| 0.46 | EDU | New Oriental Education | PairCorr |
| 0.42 | YQ | 17 Education Technology | PairCorr |
| 0.34 | EDTK | Skillful Craftsman | PairCorr |
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elite Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elite Education Group to buy it.
The correlation of Elite Education is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elite Education can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Elite Stock Analysis
When running Elite Education's price analysis, check to measure Elite Education's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.